SG Americas Securities LLC Has $21.37 Million Position in Armstrong World Industries, Inc. $AWI

SG Americas Securities LLC grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 31.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,686 shares of the construction company’s stock after buying an additional 31,192 shares during the quarter. SG Americas Securities LLC owned 0.30% of Armstrong World Industries worth $21,372,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Armstrong World Industries in the 4th quarter valued at approximately $84,143,000. JPMorgan Chase & Co. lifted its position in shares of Armstrong World Industries by 22.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,952 shares of the construction company’s stock worth $14,299,000 after buying an additional 13,395 shares during the period. American Century Companies Inc. lifted its position in shares of Armstrong World Industries by 66.4% during the 3rd quarter. American Century Companies Inc. now owns 235,018 shares of the construction company’s stock worth $46,066,000 after buying an additional 93,770 shares during the period. Algert Global LLC boosted its stake in Armstrong World Industries by 37.8% in the 3rd quarter. Algert Global LLC now owns 88,662 shares of the construction company’s stock valued at $17,379,000 after buying an additional 24,340 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Armstrong World Industries by 33,007.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 473,104 shares of the construction company’s stock valued at $90,410,000 after buying an additional 471,675 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Trading Up 1.7%

Shares of AWI opened at $157.62 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.54. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.68 and a beta of 1.17. The stock has a fifty day moving average price of $162.18 and a two-hundred day moving average price of $175.67. Armstrong World Industries, Inc. has a 52-week low of $150.28 and a 52-week high of $206.08.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). The business had revenue of $409.90 million for the quarter, compared to the consensus estimate of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.Armstrong World Industries’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Analysts predict that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, May 11th. Armstrong World Industries’s payout ratio is presently 19.29%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings lowered Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. UBS Group dropped their target price on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. Evercore set a $200.00 price target on shares of Armstrong World Industries in a research report on Tuesday, April 28th. Finally, Bank of America decreased their price objective on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Armstrong World Industries currently has an average rating of “Moderate Buy” and a consensus price target of $211.86.

Armstrong World Industries Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.